All Sundays are holidays in Hungary, when most people have a day off. In addition, there are a number of other bank holidays in Hungary when shops and offices are closed, and most people are not required to work.
The first bank holiday is the very first day of the year, the 1st of January, also called New Year’s Day. The night before, on New Year’s Eve, or Szilveszter in Hungarian, most people party, drink champagne and shoot fireworks. New Year’s Day is usually quiet, with some people attending mass or a classical concert – or tending their hang-over.
There are two bank holidays in Hungary marking famous revolutions. The 15th of March commemorates the uprising of 1848-49 against the Habsburg rule. On the 23rd of October, we remember the revolution of 1956 against communist oppression. These two days mostly see solemn celebratory gatherings, as well as some political demonstrations, in the center of Budapest.
The 1st of May is Labor Day, also laced with some peaceful political protests. With spring being in full swing, most people take to parks to have picnics, with some districts setting up a funfair for the kids.
The 20th of August commemorates the first king of Hungary, St. Stephen. He converted the nation to Christianity in the 11th century and forged the first Hungarian state. This day also sees the people celebrating the end of the harvest. The first bread made from newly harvested grain is of particular significance. In recent years, a competition for the “cake of the country” has been started. The winning cake is available in most confectionary shops for a few weeks around the 20th of August. Each year, thousands of people gather in downtown Budapest on the banks of the Danube to watch the celebratory fireworks.
There are also some Christian-inspired holidays in Hungary, read about them here.
Click here to see the 2023 bank holidays in Hungary.
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Just like every year, minimum wages are being adjusted as of 1 January 2025 so employees can receive a living wage. While employment related taxes do not change, the family tax benefit is increased, and fringe benefits are expanded.
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When you operate a business in Hungary, you should be aware of the various public holidays and other special days during the course of the year. On and around holidays employees will want to go on a holiday more, while wage supplements also apply. In Hungary, there are 13 bank holidays every year, while in 2025 there will be 3 working Saturdays.
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